Kite Realty Group Trust (NYSE:KRG) PT Raised to $28.00

Kite Realty Group Trust (NYSE:KRG) had its target price lifted by investment analysts at KeyCorp from $25.00 to $28.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. KeyCorp’s price objective would indicate a potential upside of 10.43% from the stock’s current price.

A number of other research firms have also recently commented on KRG. Robert W. Baird upped their price objective on Kite Realty Group Trust from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Wells Fargo & Company upped their price objective on Kite Realty Group Trust from $22.00 to $23.00 and gave the company an “underweight” rating in a report on Tuesday, May 28th. Finally, Raymond James upgraded Kite Realty Group Trust from a “market perform” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research note on Friday, August 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.57.

Kite Realty Group Trust Trading Up 0.7 %

KRG opened at $25.36 on Tuesday. Kite Realty Group Trust has a one year low of $19.64 and a one year high of $25.56. The stock has a market capitalization of $5.57 billion, a PE ratio of 97.52, a P/E/G ratio of 6.25 and a beta of 1.31. The business’s 50 day moving average price is $23.33 and its 200 day moving average price is $21.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.72 and a current ratio of 2.08.

Institutional Trading of Kite Realty Group Trust

A number of large investors have recently modified their holdings of KRG. Cerity Partners LLC purchased a new stake in shares of Kite Realty Group Trust during the fourth quarter worth $323,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Kite Realty Group Trust by 17.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 92,252 shares of the real estate investment trust’s stock worth $2,109,000 after acquiring an additional 13,375 shares during the period. Federated Hermes Inc. increased its position in shares of Kite Realty Group Trust by 11.8% during the fourth quarter. Federated Hermes Inc. now owns 267,354 shares of the real estate investment trust’s stock worth $6,112,000 after acquiring an additional 28,250 shares during the period. Duality Advisers LP purchased a new stake in shares of Kite Realty Group Trust during the fourth quarter worth $973,000. Finally, Wolverine Asset Management LLC increased its position in shares of Kite Realty Group Trust by 280.5% during the fourth quarter. Wolverine Asset Management LLC now owns 1,800 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 1,327 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

About Kite Realty Group Trust

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company’s primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets.